EX-10.17



 Exhibit 10.17 

Business Cooperation Agreement 

between 
 Shanghai Cango
Investment and Management Consultation Service Co, Ltd. 
 and 

DiDi Business Services Co, Ltd. 

June 2018 

  
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 This Business Cooperation Agreement (this “Agreement”) is executed by the following two
parties on              2018 (execution date) in          (City) in the People’s Republic of China (which, for the purpose of this Agreement
only, excludes the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan): 
 Party A: Shanghai
Cango Investment and Management Consultation Service Co, Ltd. (“Cango”) 
 Address: Room 418, Block 13, 258 Juxun Village,
Chengqiao Town, Chongming District, Shanghai 
 Legal representative:Zhang Xiaojun 
 Party B: DiDi Business Services Co, Ltd.
(“DiDi”) 
 Address: Room 219-25, Level 2, Block D, Office Building, Integrated
Service Region, Tianjin Economic-Technological Development Area (Nangang Industrial Zone) 
 Legal representative: Chen Ting 

In this Agreement, the above two parties are collectively referred to as the “Parties” and individually as a “Party”. 

Based on the principle of “achieving mutual benefits through complementary advantages”, the Parties agree to execute the Business
Cooperation Agreement as below: 
  

	1.	Principle of cooperation 

 Achieving mutual benefits and a win-win situation. The Parties shall make full use of their respective advantages in aspects such as product research and development, technology, data, customers and channels in order to achieve mutual benefits
through complementary advantages. 

  
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 Implementing in stable manner. The Parties shall conduct research on the adaptation to
industry development and the actual needs of customers in a proactive manner, thereby steadily promoting the implementation of the relevant cooperation plan. 

Planning with a long-term perspective. The Parties agree to gradually establish a long-lasting mechanism and maintain a longstanding
and stable cooperation from the perspective of long-term benefits. 
  

	2.	Scope and content of cooperation 

 DiDi shall use its reasonable commercial efforts to
establish a close strategic partnership with Cango in respect of automotive financial service, and Cango shall also use its reasonable commercial efforts to establish a close strategic partnership with DiDi in respect of automotive financial
service, in which the specific scope and content of cooperation include but are not limited to the below: 
  

	2.1	Priority right of cooperation 

 In respect of automotive financial services, Cango shall be
entitled to the priority right of cooperation on equal terms with DiDi, and DiDi shall be entitled to the priority right of cooperation on equal terms with Cango, with both being the pre-requisite of each
other. 
  

	2.2	DiDi’s support to Cango’s business 

 In support of the business development of Cango,
DiDi agrees to, without affecting the user experience of DiDi, use its reasonable commercial efforts to provide Cango with diversion services and conduct business cooperation with Cango to jointly tap into the business potential. DiDi agrees to use
its reasonable commercial efforts to provide business support to Cango in Chinese cities where DiDi’s business is located and which are agreed by the parties upon negotiation. DiDi agrees to use its reasonable commercial efforts to open up
resources of online automotive finance loans for Cango. 

  
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	2.3	Cango’s resource support to DiDi’s dealer 

 In support of the business growth of DiDi
Chuxing, Cango agrees to use its best commercial efforts to procure its network of over 37000 dealers to be of use by the drivers and customers under Didi’s service platform, thereby contributing to the growth of DiDi Chuxing by attracting new
drivers and passengers to its business. 
  

	2.4	Collaboration on resources of auto manufacturers 

 Cango agrees to leverage its advantages in
the possession of tens of thousands of dealers and DiDi agrees to use its reasonable commercial efforts to provide support on different channels of funds with an aim to jointly build up resources of auto manufacturers for the Parties. The Parties
agree to make full use of their respective advantages on resources with a view of developing integrated solutions from automotive sourcing to automotive finance and after-sales services for users under DiDi’s platform, as well as promoting
comprehensive cooperation on the insurance, oil product, accessories and other relevant businesses. 
  

	2.5	Collaboration on resources of automotive equipment and data 

 Cango shall install the GPS,
automotive equipment and other equipment designated by DiDi on customers’ automotive prior to the installation of other equipment under equal terms provided that the Parties reach a consensus on the model and price/cost upon assessment. The
Parties also agree to share the positioning data in respect of the automotive under the cooperation and jointly build and enhance the core operational capability based on big data analysis to the extent permitted by the applicable laws. 

  
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	2.6	Other business cooperation 

 In order to consolidate and deepen the cooperative relationship of
the Parties for active promotion of business cooperation, both Parties agree to proactively explore opportunities for and conduct business cooperation on aspects such as data, risk control and technology research and development, as well as to
jointly explore the internal and external implication in the application of automotive finance technology. 
  

	3.	Mechanism for cooperation 

 To facilitate mutual strategic cooperation, Cango and DiDi
shall jointly discuss the mechanism for cooperation, way of communication, relevant responsible persons and other matters. 
  

	4.	Confidentiality 

 Either Party shall not and shall procure its affiliates, shareholders,
directors, supervisors, senior management, employees, representatives, agents or engaged consultants not to, disclose, whether directly or indirectly, the existence of this Agreement and any information in connection to the transactions under this
Agreement (including any information obtained by the Party due to its participation in the negotiation and execution of this Agreement), unless (a) a prior written consent from the non-disclosing party
has been obtained; or (b) such information is required to be disclosed according to applicable laws, the disclosure of which shall be limited to the extent required by such applicable law, provided that the disclosing party shall forthwith
issue a written notice to the non-disclosing party on the need for disclosure, so that the non-disclosing party can have a reasonable opportunity permitted under the
circumstances at that time to obtain a protective order or other forms of protection in avoidance of the disclosure and to provide advices in relation to the texts and contents to be disclosed. 

  
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	5.	Miscellaneous 

  

	5.1	Matters not covered herein could then be resolved by the Parties’ negotiation or the signing of supplementary agreements. The specific content and way of cooperation, rights and obligations of the Parties under
this Agreement shall be determined by the specific cooperation agreement executed by the Parties upon separate negotiation based on the actual cooperation. 

  

	5.2	This Agreement constitutes the entire agreement of the Parties with respect to the subject matters hereof and supersedes any prior agreement and undertaking with respect to such subject matter. 


 

	5.3	The original of the Agreement is prepared in four copies, of which each Party holds two copies, and all of which shall become effective from the date of execution and affixation of a common seal by their respective
authorized representatives. This Agreement shall be terminated upon the date when DiDi and/or its affiliates cease(s) to be the shareholder(s) of Cango or its affiliates. 


 

	5.4	The conclusion, validation, performance, amendment, interpretation and termination of this Agreement shall be governed by the laws of China. 


 

	5.5	Any dispute arising under or in relation to this Agreement shall be resolved by both parties’ negotiation. In case the Parties cannot reach a consensus within thirty (30) days after the dispute arises, such
dispute can be brought to Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Centre) for arbitration in accordance with the then effective arbitration rules of the Arbitration Commission.



  
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 (This is an execution page without major text) 

 

	
	Party A:
	
	Shanghai Cango Investment and Management Consultation Service Co, Ltd.
	
	(Common seal)
	
	Legal representative or authorized representative
	
	(Signature)


			
		
	 /s/ Xiaojun Zhang
	 	


	
	
	Date:    July 9, 2018
	
	Party B:
	
	DiDi Business Services Co, Ltd.
	
	(Common seal)
	
	Legal representative or authorized representative
	
	(Signature)


			
		
	 /s/ Ting Chen
	 	


	
	
	Date:


  
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